Iceland vs South Korea: Military spending, annual growth rate
Iceland
1.4 % change on previous year
in 2023
South Korea
1.35 % change on previous year
in 2023
Iceland rank
143rd
South Korea rank
144th
Military spending, annual growth rate over time
- Iceland
- South Korea
How they compare
Iceland currently reports 1.4 % change on previous year against 1.35 % change on previous year in South Korea, a difference of 0.05 % change on previous year.
The two have swapped places 21 times across 74 shared years of data; in 1950 it was South Korea ahead.
Iceland ranks 143rd and South Korea ranks 144th of 172 countries.
South Korea has averaged higher in every one of the 8 decades both report.
Head to head by decade
| Decade | Iceland | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1950s | 1.22 % change on previous year | 30.21 % change on previous year | 28.99 % change on previous year | South Korea |
| 1960s | 2.69 % change on previous year | 7.95 % change on previous year | 5.26 % change on previous year | South Korea |
| 1970s | -3.35 % change on previous year | 16.93 % change on previous year | 20.27 % change on previous year | South Korea |
| 1980s | -0.576 % change on previous year | 6.78 % change on previous year | 7.36 % change on previous year | South Korea |
| 1990s | 1.01 % change on previous year | 2.2 % change on previous year | 1.19 % change on previous year | South Korea |
| 2000s | -1.69 % change on previous year | 3.74 % change on previous year | 5.43 % change on previous year | South Korea |
| 2010s | 2.32 % change on previous year | 6.42 % change on previous year | 4.11 % change on previous year | South Korea |
| 2020s | 1.1 % change on previous year | 1.87 % change on previous year | 0.7669 % change on previous year | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, annual growth rate, Iceland or South Korea?
- Iceland, at 1.4 % change on previous year against 1.35 % change on previous year in South Korea as of 2023.
- What is the difference in military spending, annual growth rate between Iceland and South Korea?
- 0.05 % change on previous year, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Korea?
- 74 years are reported by both, from 1950 to 2023.
- How do Iceland and South Korea rank globally for military spending, annual growth rate?
- Iceland ranks 143rd and South Korea ranks 144th of 172 countries.
- Where does this data come from?
- Statizoid (derived), published as Military spending, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.